The main reason for the skyrocketing debt in the U.S; which is over $1.2 trillion, is the rising cost of college, especially the private institutions. Student debt will always be a problem, but the problem can be lessened if more students attend public institutions vs. private.

Higher Education institutions are the reason for the U.S student loan debt. If these institutions lower their costs, most students will attend, bringing them in in money, and the loan problem will lessen.